Bitmine's Relentless Ethereum Buying Is About to End, Tom Lee Says
Ethereum
October 07, 2026
14:55
By:
CryptoNews
Speaking at Token2049 in Singapore, the chairman said Bitmine is about 100,000 ETH—roughly six to seven weeks—from its 5% cap, setting an end date on a buying spree that made it the world's largest Ethereum treasury.
Disclaimer: This content is provided via CryptoNews and third-party sources. Tothemoon does not create, verify, or endorse this content and makes no guarantees as to its accuracy. The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. It is provided for informational purposes only and is not investment advice.
Related news
October 07, 2026
AI advancements could accelerate blockchain vulnerabilities, urging the crypto industry to prioritize security measures and proactive strategies. Ethereum Foundation researcher …
October 07, 2026
The Strategy executive chairman said additional issuers could increase investment opportunities and bring more capital into the Bitcoin economy.
October 07, 2026
Kalshi's 15-minute gold prediction markets generated nearly twice the trading fees of Ether-linked markets in September, only weeks after launching. …
October 07, 2026
The Oct. 6 testnet upgrade combines Amsterdam and Gloas changes aimed at more efficient validation. Ethereum has not set activation …
October 07, 2026
Bitmine will stop buying ETH once it holds 5% of circulating supply, Tom Lee said, as its holdings reach 6.02 …